Supplemental Detail for Certain Components of Consolidated Balance Sheets (Tables)

9 Months Ended

Sep. 30, 2017

Supplemental Detail for Certain Components of Consolidated Balance Sheets

Schedule of acquired lease intangible assets, net

A.Acquired lease intangible assets, net, consist of the following	September 30,			December 31,
(dollars in thousands) at:	2017			2016
Acquired in-place leases	$	1,227,780		$	1,164,075
Accumulated amortization of acquired in-place leases	(428,802		)	(358,040		)
Acquired above-market leases	479,098			365,005
Accumulated amortization of acquired above-market leases	(113,063		)	(88,720		)
	$	1,165,013		$	1,082,320

Schedule of other assets, net

	September 30,		December 31,
B.Other assets, net, consist of the following (dollars in thousands) at:	2017		2016
Restricted escrow deposits		23,698		4,246
Prepaid expenses	13,267		14,406
Corporate assets, net	5,566		3,585
Notes receivable issued in connection with property sales	5,298		5,390
Credit facility origination costs, net	5,094		7,303
Impounds related to mortgages payable	3,465		2,015
Other items	333		744
	$	56,721	$	37,689

Schedule of distributions payable

C.Distributions payable consist of the following declared	September 30,		December 31,
distributions (dollars in thousands) at:	2017		2016
Common stock distributions	$	60,018	$	52,896
Preferred stock dividends	-		2,257
Noncontrolling interests distributions	86		82
	$	60,104	$	55,235

Schedule of accounts payable and accrued expenses

D.Accounts payable and accrued expenses consist of the	September 30,		December 31,
following (dollars in thousands) at:	2017		2016
Notes payable - interest payable	$	41,801	$	60,668
Property taxes payable	22,455		16,949
Accrued costs on properties under development	4,235		9,049
Mortgages, term loans, credit line - interest payable and interest rate swaps	3,793		5,432
Other items	20,663		29,058
	$	92,947	$	121,156

Schedule of acquired lease intangible liabilities, net

E.Acquired lease intangible liabilities, net, consist of the	September 30,			December 31,
following (dollars in thousands) at:	2017			2016
Acquired below-market leases	$	340,504		$	318,926
Accumulated amortization of acquired below-market leases	(68,127		)	(54,720		)
	$	272,377		$	264,206

Schedule of other liabilities

F.Other liabilities consist of the following	September 30,		December 31,
(dollars in thousands) at:	2017		2016
Rent received in advance and other deferred revenue (1)	$	103,520	$	74,098
Security deposits	6,268		6,502
Capital lease obligations	5,249		5,016
	$	115,037	$	85,616

(1)  In connection with Diageo’s sale of its wine business to Treasury Wine Estates, we agreed to release Diageo from its guarantee of our leases in exchange for Diageo’s payment of $75 million of additional rent to us.  The additional rent was paid in two equal installments, one of which was received in August 2016 for $37.5 million and was recorded as prepaid rent.  The final payment of $37.5 million was received in January 2017, at which time Treasury Wine Estates became the guarantor of our leases on those properties.  We have accounted for this transaction as a lease modification and the additional rent will be recognized on a straight-line basis over the remaining lease terms of approximately 15 years.